Renaissance Technologies LLC Grows Stock Position in American Woodmark Co. (NASDAQ:AMWD)

Renaissance Technologies LLC lifted its position in shares of American Woodmark Co. (NASDAQ:AMWD - Free Report) by 68.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,101 shares of the company's stock after acquiring an additional 52,800 shares during the quarter. Renaissance Technologies LLC owned 0.86% of American Woodmark worth $10,347,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AMWD. Franklin Resources Inc. increased its position in American Woodmark by 266.0% during the 4th quarter. Franklin Resources Inc. now owns 372,390 shares of the company's stock worth $29,616,000 after purchasing an additional 270,644 shares during the period. Victory Capital Management Inc. grew its holdings in American Woodmark by 1,570.6% during the fourth quarter. Victory Capital Management Inc. now owns 257,440 shares of the company's stock worth $20,474,000 after acquiring an additional 242,030 shares during the period. Norges Bank purchased a new position in American Woodmark in the fourth quarter worth $5,675,000. First Eagle Investment Management LLC lifted its holdings in American Woodmark by 214.8% in the fourth quarter. First Eagle Investment Management LLC now owns 82,800 shares of the company's stock valued at $6,585,000 after acquiring an additional 56,500 shares during the period. Finally, WINTON GROUP Ltd grew its stake in shares of American Woodmark by 483.0% during the 4th quarter. WINTON GROUP Ltd now owns 48,301 shares of the company's stock worth $3,841,000 after purchasing an additional 40,016 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Zelman & Associates reiterated an "underperform" rating on shares of American Woodmark in a research note on Monday, April 14th. StockNews.com downgraded shares of American Woodmark from a "hold" rating to a "sell" rating in a research report on Tuesday. Finally, Wolfe Research cut American Woodmark from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $114.00.

American Woodmark Price Performance

NASDAQ:AMWD traded up $1.27 during mid-day trading on Tuesday, hitting $55.30. 124,967 shares of the company's stock traded hands, compared to its average volume of 168,604. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. The company has a market cap of $820.38 million, a PE ratio of 8.27 and a beta of 1.31. The firm's 50 day simple moving average is $61.26 and its 200 day simple moving average is $78.00. American Woodmark Co. has a 1 year low of $52.20 and a 1 year high of $106.57.

American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.27). The company had revenue of $397.58 million during the quarter, compared to analysts' expectations of $405.72 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%.

American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.